Equitable Group (EQB) PT Raised to C$73.00

Equitable Group (TSE:EQB) had its price target lifted by National Bank Financial from C$68.00 to C$73.00 in a research report report published on Friday morning. The brokerage currently has a sector perform rating on the stock. National Bank Financial also issued estimates for Equitable Group’s Q4 2018 earnings at $2.65 EPS, FY2019 earnings at $10.70 EPS and FY2020 earnings at $11.20 EPS.

Other research analysts have also recently issued research reports about the company. TD Securities boosted their price target on Equitable Group from C$75.00 to C$77.00 and gave the stock a buy rating in a research note on Monday, August 13th. BMO Capital Markets boosted their price target on Equitable Group from C$65.00 to C$80.00 and gave the stock an outperform rating in a research note on Monday, August 13th. Finally, Royal Bank of Canada boosted their price target on Equitable Group from C$66.00 to C$74.00 and gave the stock a sector perform rating in a research note on Friday, August 10th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of C$75.00.

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Shares of TSE EQB traded up C$0.46 on Friday, hitting C$67.61. The company had a trading volume of 61,600 shares, compared to its average volume of 28,518. Equitable Group has a 12-month low of C$52.01 and a 12-month high of C$72.98.

Equitable Group (TSE:EQB) last released its quarterly earnings results on Thursday, August 9th. The company reported C$2.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$2.24 by C$0.21. The business had revenue of C$214.96 million during the quarter, compared to analyst estimates of C$84.60 million. On average, research analysts anticipate that Equitable Group will post 10.7379371889952 EPS for the current fiscal year.

In other Equitable Group news, Director Daniel Lee Dickinson sold 5,200 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of C$64.22, for a total transaction of C$333,944.00. Also, Director Ronald Walter Tratch sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of C$71.00, for a total value of C$177,500.00. In the last quarter, insiders sold 24,659 shares of company stock worth $1,631,358.

Equitable Group Company Profile

Equitable Group Inc, through its subsidiary, Equitable Bank, provides various financial services to retail and commercial customers in Canada. Its deposit products include guaranteed investment certificates (GICs), high interest savings accounts (HISAs), and deposit notes. The company also provides single family lending services, such as loans secured by owner-occupied and investment properties comprising detached and semi-detached houses, townhouses, and condos through a range of products, such as mortgages, home equity lines of credit, and equity release mortgages; and commercial lending products that include mortgages on commercial properties comprising mixed-use, multi-unit residential, shopping plaza, professional office, and industrial properties.